Saturday, 16 June 2012

Today MCX Gold Break All Record

Riding high on strong demand for the wedding season coupled with a firming trend in the global Stock market, MCX gold touched yet another record high of Rs 30,570 per 10 grams in the bullion stock market here today.More Information about Free mcx gold tips visit my site

MCX Gold climbed for a sixth straight session by adding Rs 21 to hit an all-time high of Rs 30,570 per 10 grams. The metal has gained Rs 1,050 in the last five trading sessions.

On the other hand, MCX silver lacked necessary follow up support at prevailing higher levels and fell by Rs 980 to Rs 54,730 per kg. Traders said besides buying by retail customers and jewellery-maker for the wedding season, strong global cues pushed the metal's prices up.

The metal rose in global stock markets on speculation that central banks from major economies may take more steps to buoy growth as Greece prepares for elections that may determine whether the country leaves the eurozone.

In Singapore, MCX gold gained 0.3% to USD 1,626.78 an ounce. On the domestic front, mcx gold of 99.8% and 99.6% purity rose by Rs 20 to Rs 30,570 and Rs 30,370 per 10 grams, respectively.

Sovereign followed suit and gained Rs 50 to Rs 24,400 per piece of eight grams. However, MCX silver ready shed Rs 970 to Rs 54,730 per kg and weekly-based delivery fell by Rs 40 to Rs 55,200 per kg.

Meanwhile, MCX silver coins continued to be asked at previous levels of Rs 65,000 for buying and Rs 66,000 for selling of 100 pieces.

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